financetom
Business
financetom
/
Business
/
Market Chatter: Goldman Sachs Prepares to Spin-Off Digital Assets Platform
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Goldman Sachs Prepares to Spin-Off Digital Assets Platform
Nov 19, 2024 8:55 PM

09:13 AM EST, 11/18/2024 (MT Newswires) -- Goldman Sachs Group ( GS ) is in talks with potential partners as it plans to spin-out its digital assets platform into a new company, Bloomberg reported Monday, citing an interview with Goldman's global head of digital assets, Mathew McDermott.

The long-term goal for the new company is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals, McDermott told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved